海外研报

ROIC on Capex Showing Through in Engagement, Revenue and Longer-Term Call

META remains the best case study of how GPU-enabled analyses of leading first party data sets can drive material

Precious Metals Trading Desk View

This publication was prepared by Bank J Safra Sarasin (BJSS) Trading department. The views or ideas expressed herein are those of the desk and/or the author only. The publication cannot be considered as investment research or a

USA: Initial Jobless Claims Above Expectations; Productivity Growth Stronger Than Expected

BOTTOM LINE: Initial jobless claims increased more than expected in the weekended July 27. The increase was led by a jump in filings in Michigan, which we

July FOMC meeting: Not quite there yet

Not quite there yetIn our view, the main message from the July FOMC meeting is that the Fed is getting closer to a rate cut, but needs more evidence that inflation is under control before it

substantial foreign outflows continued in Tech

Performance: MSCI/All Taiwan -2.3%/-2.0% this week,underperforming MXAPJ by -1.5% (in US$), dragged by

Rate Cuts and Recession Risk After the July Employment Report

The July employment report was weak across the board, with soft gains in bothpayroll and household employment and another 0.2pp increase in the

US Week Ahead: August 5 - August 11

08:30 AM Chicago Fed President Goolsbee (FOMC voter) speaksChicago Fed President Austan Goolsbee will appear on CNBC’s Squawk Box.

Weekly Warm-up: Defensive Leadership Fully Emerges as Growth Concerns Increase

Macro Risks Rise... While the macro data suggest the consumer is slowing but ok, the jobs data on Friday challenged the soft-landing view for some

US MARKET INTELLIGENCE:AFTERNOON BRIEFING

US: Stocks closed sharply lower but off their lowest levels. Pre-market, the global selloff startedwith Japan as the NKY fell by 12.4%. The SPX hit a session low of -4.6%, with the ViX spiking to65, up 178% from Friday's close of 23. This was driven by a

What worsening US jobs data and reports of Fed rate cut mean for Japanese stocks

US jobs data deterioration reverberates across marketsThe July US employment data showed both non-farm payrolls and unemployment rate